The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-26

Gates have been issued largely in OK.
cess Of the value Of the properties
purchased Z"
"On that prefer not to speak until
after the annual meeting OF the com-
pauy, which will be held in New
York the first Monday in July. At
I'd at meeting statistics definitely show.
ing the condition of the concern will
be reported, but whether the public
will have The benefit OF this informa.
ton or not cannot say. There is an
element in the company in favor of
greater publicity. There has been
come talk about dividend to be de-
c,ared at that time, but the company
may consider it better 10 keep The
money to fight lawsuits. 1t is claimed
that there has been an immense ad-
vance in the value OF the Trusts prop.
erty in the last year or two. 1t owns
a large amount of real estate and has
therefore had the benefit OF the rise in
that class Of properly. Certain it is
that as an enterprise whose object Is
profif, we are In better condition
than ever before.
You have, suppose, encountered
the claim that your institution sntag-
on;zes The plsnters7'
Certainly, but 1t is trumped up by
the opposition. We are even consid.
ering plan to admit that class OF peo.
pie to a share in the prof OF the cot
ton oil industry, the amount going to
each planter being proporiioned to
the quantity Of eeed he eel to the |
frost. 1t is also a fact that the Trust, |
by its systematizstion of the business,
has made a stable market of the seed, |
Before the organization WAS formed
the planter never could tell what he
would get for his product. Sometimes
il wfs !; .;ass..h $l5 ton, and sometimes
it could not be sold on any Terms"
do you anticipate strong compe.
tition from the company recently
formed in Philadelphia to run an op.
position to your enierprise2"
Nothing to fear. Even the com.
panies opposed to the Trust are sus-
picious Of it. The alleged paid up
spital Of the new concern is $4,000.
O00, of which Henry O. Butcher, of
Philadelphia, takes 100000; Will
VIII u harvey, VI Dllhu6ip Jpn u, IOUU,- |
DG0; John Oliver, OF Columbia, s. O.,
II ,O00, 900; Frederick Oliver, of Colum.
bia, S O., $600,000 David A. Temp.
kins, of Charlotte, N. O., $40, 900, and
Alvin o. Newland, of Camden, N. j.,
100000. Tnese men were all CON
lected with the firm OF Washington ,
Butchers Sons, of Philadelphia, till
hat concern sold out to the Trust a
ew months ago, except the divers,
Who not long since sold their mills in
he Caroinas to the came con
FERN. 1t is asserted that these
people are too poor to carry out
my such enterprise. The connection I
II T. d. Armour, Of Chicago, with |
his STAIR is believed to have been &
made for effect on the stock market
nd the price of oil. The noise mace
n organizing the new company does I
lot look like business. A company G
vas recently formed at Vicksburg for o
he purpose Of preparing cotton seed !,
Or expectation by removing the lint I
rom the shell by the Crawford pro- 4
ess, and there is talk OF company in A
lew Orleans with capital Of 81 ,OOO,- A
DO to make oil from the seed prepared /,
y this method. The best oil has,
owever, heretofore been made by L
rocees that removes the lint and shell l
'gether. The success of this under +
lkiDg is therefore problematical. a